I still think a split for NE is the right way to go but only when they have enough money to fund it properly. Give the new company $20 million and all the shares to shareholders maybe 1 share for every 4 KCN shares you hold.
It should/could be a great success and if holders don't want the shares they can sell them and allocate their money elsewhere.
If it takes a while to do it who cares. This is assuming the cashflow does come from Chatree at the 120,000 ounces or greater that they expect.
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Mkt cap ! $345.3M |
Open | High | Low | Value | Volume |
$1.36 | $1.40 | $1.34 | $248.2K | 182.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 18874 | $1.34 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.35 | 9997 | 1 |
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No. | Vol. | Price($) |
---|---|---|
1 | 18874 | 1.335 |
4 | 44854 | 1.330 |
2 | 4603 | 1.325 |
3 | 13183 | 1.320 |
1 | 10000 | 1.315 |
Price($) | Vol. | No. |
---|---|---|
1.350 | 9997 | 1 |
1.355 | 3848 | 1 |
1.360 | 3848 | 1 |
1.390 | 14194 | 2 |
1.400 | 20000 | 1 |
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